Needham & Company Gives Strong-Buy Rating to Polypore (PPO)

By admin | 7 years ago

Polypore (NYSE: PPO)‘s stock had its “strong-buy” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Thursday.

Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Polypore from $50.00 to $48.00 in a research note to investors on Monday, March 5th. They now have a “buy” rating on the stock.

Polypore traded down 2.09% on Thursday, hitting $38.46. Polypore has a 52-week low of $33.80 and a 52-week high of $74.21. The company has a market cap of $1.788 billion and a price-to-earnings ratio of 18.88.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.40 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.44 EPS by $0.04. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that Polypore will post $0.67 EPS next quarter.

Polypore International, Inc. is a global high technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.

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